Apartments for sale in Business Bay, UAE
Business Bay is an emerging district in the center of Dubai. Property in Business Bay is both residential and commercial. Flats in Business Bay are highly liquid and high-yield homes located on the waterfront of the Dubai Canal. This upscale community has an area of about 6 km² adjacent to Downtown Dubai (the megalopolis’ central district), which provides the residents with access to all of the emirate’s major landmarks. An apartment in Business Bay is available even for foreigners who can enjoy full ownership and dispose of their property as they like, i.e. sell, lease, bequeath, or devise it.
Prices
Apartment prices in Business Bay, UAE depend on the floor area, the number of rooms, and amenities within the residential project. One to three-bedroom apartments dominate the market. Here are the approximate prices:
- Studios sell for an average of $180,000
- The average value of a one-bedroom apartment is $260,000
- Two-level apartments cost $430,000 on average
Penthouses are available on the upper floors of high-rise buildings. Flats for sale in Business Bay with panoramic views of the city cost from $2 million to $15 million. Villas are built in the podium parts of buildings. Their starting price is $800,000. Villas are also found in the waterfront area of the Dubai Canal. These exclusive floating homes sell for $79 million and more.
Lifestyle
For expats, the district’s residential properties present an opportunity to live in the heart of the business community and enjoy all the benefits of its well-developed facilities. The district is very close to Sheikh Zayed Road, the emirate’s main traffic artery. It will take you to the central landmarks of the megalopolis in 10 minutes. If you want to get near the beach, Palm Jumeirah and Dubai Marina are only a 20-minute drive away. Business Bay is still expanding. In the future, there will be even more leisure opportunities, eateries, shops, and parks here.
Apartments investment in Business Bay
The return on investment in real estate in Dubai, UAE, is up to 10%. The value of residences here is growing consistently. It is worth remembering that central and coastal communities are in particularly high demand among buyers and tenants. From January 2021 to June 2022, house prices in the emirate grew by 85%, which confirms that investment in Dubai properties is highly lucrative.
You can buy apartments in Business Bay to lease or resell them at a higher price in a few months. This community is in the top three by tenant demand, along with Dubai Downtown and Dubai Marina. For instance, the rent in this district increased by 21% in the second quarter of 2022 compared to the same period of 2021. Rental rates depend on the floor area and the comfort of residences. Landlords receive:
- From $8,000 to $55,000 for a studio
- From $10,000 to $60,000 for a one-bedroom apartment
- From $15,000 to $265,000 for a two-bedroom apartment
It is particularly lucrative to buy flats in Business Bay as soon as the sales open. This will protect money from inflation and enable you to make a profit by reselling the property. By the time the building is commissioned, its value will increase automatically. Generous pay-in-installments plans from developers make it possible to invest in residential properties even with a limited budget.
Buying an apartment in Business Bay
Please view apartments in Business Bay for investment and living on our website. The user-friendly search system makes it easy to select a property with the right number of bedrooms, floor area, and value, with prices in dollars and euros on display. You can receive a consultation from our English-speaking real estate experts in real time. Start looking for a home in Dubai right now!
